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10 000 Yuan Farmer's Bank of Northwest China
| Issuer | Farmer's Bank of Northwest China (西北农民银行) |
|---|---|
| Year | 1948 |
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| Value | 10 000 Yuan (10 000) |
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| Obverse description | Blue-black letterpress print on plain paper. The central vignette presents an irrigation system landscape with canals, agricultural fields, and a figure working the land, rendered in fine line engraving. The bank name 西北農民銀行 is inscribed across the top, with the denomination 壹萬圓 repeated in the left and right panels; two red seal stamps appear in the lower central area, and a red serial number with prefix AB is printed in the upper left. |
|---|---|
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| Reverse lettering | SIBEI NUNG MIN IN XANG 10000 1948 |
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| Comments |
The Farmer's Bank of Northwest China was established in the Shaanxi-Gansu-Ningxia Border Region, the communist-controlled territory centered on Yan'an that served as the base of the Chinese Communist Party during the Second Sino-Japanese War and subsequent civil war. The bank issued currency independently of both the Nationalist government's Central Bank and the better-known People's Bank, which was only formally established in December 1948 — meaning this 10,000 yuan note was circulating during the final, chaotic months before the communist monetary system was consolidated into the renminbi.
High-denomination notes like this one reflect the hyperinflationary pressures afflicting all Chinese currency by 1948, Nationalist and communist-controlled zones alike.